PPSA (Pré-Sal Petróleo) ended the 2025 fiscal year with a net profit of R$ 30.1 million and will distribute R$ 28.6 million in dividends to the Union, its sole shareholder. The performance reflects efficiency in managing administrative and operational costs, combined with the results of financial investments during the period. The 2025 financial statements and the profit allocation proposal were approved last Thursday (30th) at the Annual General Meeting.

The main value generation of PPSA for society is not, however, the company's financial result, but the total revenue destined for the Union. In 2025, R$ 30.9 billion was collected for the National Treasury — an amount higher than the sum of all PPSA's revenue from its creation until 2024. Of this total, more than R$ 20.5 billion came from the commercialization of oil and natural gas. Another R$ 8.8 billion originated from the unprecedented Auction of Uncontracted Areas, in addition to the results of the Expense and Volume Equalization Agreement of the Jubarte Pre-salt Shared Deposit.

"2025 was a historic year for PPSA. We reached an unprecedented level of value generation for the Union, contributing decisively to public policies and national development. We are on a growth trajectory, with increased production and increasingly relevant results," said Luis Fernando Paroli, CEO of the company.

In addition to the financial results, PPSA advanced in strategic and structuring initiatives. The company held its first public civil service entrance examination to hire one hundred employees and signed a new remuneration contract model with the MME, guaranteeing greater autonomy to face the expansion cycle planned for the coming years.

"We are strengthening PPSA for the future, with investments in technology, people, and governance. If 2025 was exceptional, 2026 will be a year of consolidation, focusing on the long term and the continuity of this growth cycle," added Paroli.

In March, a project aimed at strengthening organizational capacity was initiated with the support of external consultancy, focusing on the alignment between structure, strategy, and culture. The initiative seeks to prepare the company to sustain its growth pace with efficiency, governance, and adherence to the best practices in the sector.

Throughout 2025, PPSA managed 24 production sharing contracts, the commercialization management of the Union's oil and natural gas shares, and continued representing the Union in production individualization agreements.

Review of the Bylaws

At the Annual General Meeting held this Thursday (30th), the revision of the company's Bylaws was also approved, with the creation of the Administrative Management Board, the company's fourth. The new board will be responsible for the areas of Human Resources, Information Technology, Bidding and Contracts, and Corporate Support. Until its effective implementation and the appointment of a new representative, the areas will be led on an interim basis by the Technical Board, led by Tabita Loureiro.

In addition to the new board, PPSA has the Contract Management Board, led by Evamar dos Santos, the Finance and Commercialization Board, under the responsibility of Samir Awad, and the Technical Board.

Check the Annual Report.